Natural Gas , Trade , Midstream

Europe’s Gas Supply Crisis Grows after Russia Imposes Sanctions

Moscow’s sanctions came just a day after Ukraine halted a gas transit route, blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.

May 12, 2022

Liquefied Natural Gas (LNG) , Trade , International

Bulgaria to Receive US LNG Deliveries from June

The arrangement to receive U.S. LNG supplies was agreed at a meeting between Bulgaria Prime Minister Kiril Petkov and U.S. Vice President Kamala Harris in Washington, the government said.

May 11, 2022

Liquefied Natural Gas (LNG) , Trade

Germany, Qatar At Odds Over Terms in Talks on LNG Supply Deal: Sources

Germany, which aims to cut its carbon emissions by 88% by 2040, is reluctant to commit to Qatar’s conditions to sign deals of at least 20 years to secure the massive LNG volumes it needs to reduce its dependence on Russian gas, sources said.

May 10, 2022

Crude Oil , International

Russian Oil Output Rising in May, Novak Says

After experiencing a slowdown in oil production in April, production has stabilized and May oil output has risen, according to Russian Deputy Prime Minister Alexander Novak.

May 9, 2022

Business , Markets , Policy & Regulations

Special Report: Oil and Peace

The Ukraine war has the potential to redraw the world’s energy map, particularly as U.S. LNG begins to flow to Europe to replace Russian natural gas.

May 9, 2022

Crude Oil , International

Russia’s Rosneft Ramps Up Oil Sales to Indian Oil in May

Moscow-based oil company Rosneft increases its sales to Indian Oil Corp. in May, as Russian crude finds an increased presence in India since western sanctions on Russian oil began in February.

May 6, 2022

Markets , Trade , International

EU Prepares Next Russia Sanctions Including German-backed Oil Ban

The European Commission is expected to propose a sixth package of EU sanctions this week against Russia over its Feb. 24 invasion of Ukraine, including a possible embargo on buying Russian oil.

May 3, 2022

Earnings , Liquefied Natural Gas (LNG) , Trade

TotalEnergies Records $4.1 Billion Impairment over Arctic LNG 2 Project

The $21 billion Arctic LNG 2 project is key for Russia’s plans to raise its share of the global LNG market to 20% by 2035, expanding its annual LNG output to 120 million-140 million tonnes.

April 27, 2022

Natural Gas , Crude Oil , International

Shell Tightens Restrictions on Russian Oil Buying

After Shell's initial pledges in March to gradually phase out buying Russian oil and natural gas, the company announced it will no longer accept any Russian hydrocarbon products.

April 27, 2022

Liquefied Natural Gas (LNG) , Natural Gas , Trade

US Natgas Jumps 5% After Russia Halts Gas Exports to Poland, Bulgaria

U.S. natural gas prices also gained support from forecasts for more gas demand than previously expected, and a continued drop in U.S. output due to a late-season cold snap that froze oil and gas wells in North Dakota.

April 27, 2022